PLANS TO BY Grant Prideco as a whole.
9 replies (most recent on top)
Oilers, I agree! GE will buy GP and others! Some people just don't like hearing the truth. Same ones who've been posting elsewhere saying there will be no more layoffs and stop the rumors about more layoffs.....confirmed as of today, they were proven WRONG! LOL
No, I go by many names, but the audacity you fools have is ridiculous, GE Oil And Gas will buy GP out. Im sorry for all your old hens who will have to work, good day and God Bless, Me and no one else
Hence why I said this post was utter and complete rubbish. People like to spread gossip more so than the truth which is based on reliable facts and figures. Information transferred in the toilets or at the coffee machine don't generally carry much validity. Anon 133116 makes perfect sense and good reason. Maybe therapists are required for those of you who gossip. Maybe your regular knitting circle will provide free therapy.
This is unlikely and flies in the face of reason. The Oil & Gas segment continues to be a drag on the consolidated industrial revenue and earnings growth for GE. In Q2 2015, the Oil & Gas segment accounted for 15% and 13% of the total industrial segment's revenues and profit, respectively. This is down from 18% and 16%, respectively, reported in the same period last year. The declining percentage is mainly a result of the segment struggling operationally, as the Oil & Gas segment's revenue has declined ~15% ($4.76 billion in Q2 2014 compared to $4.0 billion in Q2 2015).
Add to this a massive surplus in drill pipe, and the GP business will hardly generate any ROI in the near to medium term. When you take 1,800 actively drilling rigs and chop that to 850, you end up with a LOT of excess drill pipe. Yes, that will be consumed over time, but it's going to take a long while.
GE would be better served investing in areas where its seeing more profitable growth.
the person with the name , #ThisPostIsCrazy is probably one of the do nothing managers at NOV who's just a very lonely and miserable psychopath who was neglected and abused as a child and gets its thrills from insulting and causing, division and strife between employees....We see this all the time at NOV. NUTJOBS AND DO-NOTHING PSYCHOPATH managers are trapped in their own delusional mental prison.
#ThisPostIsCrazy <---- are you the pot or the kettle? Practice what you preach narcissistic moron.....
#ThisPostIsCrazy ....are you the pot or the kettle? Practice what you preach narcissistic moron.....
Rumours and more rumours. You people need to get a life. Have you nothing better to do than spread gossip like a bunch of old hens at a bingo game??
Nice rumor u moron. GP makes a ton of money and is a protected child. Going nowhere!!!!!!